SAN FRANCISCO–(Enterprise WIRE)–Sep 14, 2021–
H.I.G. Expansion Companions (“H.I.G. Growth”), the devoted progress money financial investment affiliate of H.I.G. Funds, is pleased to announce that Handling Director Scott Hilleboe has been promoted to Co-Head of H.I.G. Advancement to do the job along with Ross Hiatt who has been hired as a Managing Director and Co-Head equally will be primarily based in San Francisco and will guide the working day-to-working day investment functions of H.I.G. Development. They do well John Black who will continue to be with H.I.G. Advancement as a Senior Advisor.
Scott has practically two a long time of practical experience investing in enterprise cash and non-public equity transactions, and focuses on SaaS program, cybersecurity, marketplaces, purchaser tech, synthetic intelligence, machine discovering, and challenging tech. Prior to becoming a member of H.I.G. Progress in 2018, Scott was a Associate with Revolution and a Taking care of Director with Steamboat Ventures. Scott has led or co-led around 30 investments in several sector-top technological innovation organizations like BigCommerce, EdgeCast, Elemental, Useful, MediaOcean, SpareFoot and Quigo. Scott has extensive operating knowledge, and has held method, business progress, and engineering positions at IBM, LaSalle Partners, and Synopsis. Scott graduated Phi Beta Kappa, magna cum laude with a B.S.M.E. degree from the University of Washington and an M.B.A. from Harvard Organization University.
Ross has above two a long time of investing and finance knowledge, and focuses on purchaser internet, B2B and B2C marketplaces, digital media and leisure, fintech and company technological innovation. Just before becoming a member of H.I.G. Growth, he was a senior member of the technological know-how investment team at TPG Funds and was accountable for all areas of investment decision sourcing, execution and oversight. Prior financial investment and board experience features Serene.com, Dream11, Objective.com, Age of Studying (ABCmouse) and Pray. Just before TPG, Ross put in 10 years at Goldman Sachs where by he labored alongside some of the world’s primary know-how corporations. Ross began his job in the leveraged finance team at J.P. Morgan. Ross acquired a B.B.A. from The College of Texas at Austin and an M.B.A. from the Graduate Faculty of Business enterprise at Columbia College, both with honors.
For more than a decade, H.I.G. Advancement has invested broadly throughout technological innovation and client industries. Technological innovation investments incorporate industry leaders this sort of as Invoca, MX Technologies, ServiceTitan and JumpCloud and buyer investments contain Lulus, Parachute Household and Scuf Gaming. This transition boosts H.I.G. Growth’s ability to recognize and guidance ground breaking advancement phase chances, dependable with its heritage of vast majority transactions with development phase minority investment decision chances.
“H.I.G. Cash has a extended background of using a price-additional technique to travel performance, and H.I.G. Advancement has tested time and again the potential to lover with superior-expansion organizations and travel worth,” reported H.I.G. Funds Founders and Co-CEOs Sami Mnaymneh and Tony Tamer. “The leadership transition to Scott and Ross marks a different important action in our initiatives to deliver differentiated worth to our investors.”
“I’m thrilled to welcome Scott and Ross into these management positions,” reported Brian Schwartz, Co-President of H.I.G. Capital. “Their investing and technologies experience will be priceless as we go on to develop and accelerate our investments in development-phase companies.”
Hilleboe and Hiatt said, “We’re excited to husband or wife in the management and enlargement of our approach as we commit in higher-advancement, business-foremost organizations. We appear ahead to constructing on the team’s solid observe record and operating together to foster and increase the portfolio.”
About H.I.G. Progress Associates
H.I.G. Development Companions is the focused advancement cash expense affiliate of H.I.G. Funds, a leading global substitute financial investment agency with $45 billion of equity money beneath management.* H.I.G. Development seeks to make equally the greater part and minority investments in strong, growth-oriented firms positioned in the course of North The usa, Europe and Latin America. H.I.G. Development Companions considers investments across all industries but focuses on sure higher-growth sectors in which it has extensive in-residence know-how these as technological know-how, health care, web and media, consumer products and solutions and technologies-enabled economic and small business expert services. H.I.G. Growth strives to perform carefully with its administration groups to serve as an expert useful resource, offering broad-centered strategic, operational, recruiting, and monetary administration expert services from a extensive in-dwelling team and a substantial community of third-party interactions. For far more details, make sure you refer to the H.I.G. web site at www.HIGgrowth.com.
About H.I.G. Funds
H.I.G. is a foremost worldwide substitute belongings investment firm with $45 billion of fairness funds beneath administration.* Primarily based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as effectively as worldwide affiliate workplaces in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both financial debt and equity capital to tiny and mid-sized businesses, utilizing a flexible and operationally targeted/ value-included strategy:
- H.I.G.’s fairness resources invest in administration buyouts, recapitalizations and company carve-outs of both of those worthwhile as well as underperforming producing and assistance companies.
- H.I.G.’s personal debt cash spend in senior, unitranche and junior personal debt financing to corporations throughout the dimension spectrum, both on a key (immediate origination) basis, as nicely as in the secondary markets. H.I.G. is also a main CLO manager, by its WhiteHorse spouse and children of autos, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s authentic estate money invest in benefit-added qualities, which can gain from enhanced asset administration practices.
- H.I.G. Infrastructure focuses on building worth-incorporate and core moreover investments in the infrastructure sector.
Due to the fact its founding in 1993, H.I.G. has invested in and managed a lot more than 300 providers around the world. The firm’s present-day portfolio features additional than 100 providers with mixed revenue in excess of $30 billion. For much more info, please refer to the H.I.G. web-site at www.higcapital.com.
* Based on whole cash commitments managed by H.I.G. Capital and affiliate marketers.
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Resource: H.I.G. Growth Companions
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PUB: 09/14/2021 10:00 AM/DISC: 09/14/2021 10:02 AM